Brexit Economics Lesson 2 - Tax rises and Spending Cuts

[BlasterBates]

As the mayor of Frankfurt offers tax cuts to encourage the banks now decamping from London to come to Germany (see lesson 1), the inevitable loss of tax revenues will mean the a new "austerity" budget in the Autumn.

George Osborne warns UK to expect spending cuts and tax rises after Brexit vote | UK Politics | News | The Independent

[SueEllen]

Don't be nasty.

You know Brexiters just wanted all foreigners out and didn't think of the consequences of their vote.

[AtW]

Don't be nasty.

You know Brexiters just wanted all foreigners out and didn't think of the consequences of their vote.

It's treason then....



... to wish the ruling monarch to leave!!!

[vetran]

state Aid how very sporting and expected.

[GB9]

Don't be nasty.

You know Brexiters just wanted all foreigners out and didn't think of the consequences of their vote.

I'm sure we were negotiating from a position of strength yesterday and didn't need an emergency budget.

I respect a chancellor who doesn't change his mind (more than three times in seven days).

[AtW]

I'm sure we were negotiating from a position of strength yesterday and didn't need an emergency budget.

I respect a chancellor who doesn't change his mind (more than three times in seven days).

You are out of your mind - EU would not even negotiate until Article 50 is invoked, no talks, that's the positions of strength - they want UK out

[darmstadt]

state Aid how very sporting and expected.

Didn't Nissan in Sunderland get state aid to entice them there? I think you'll find a lot of foreign companies, particularly in hard hit areas, got state aid...nothing new there

[AtW]

EU free market not possible without rules on state aid

[NigelJK]

Try telling that to BMW and Merc

[GB9]

You are out of your mind - EU would not even negotiate until Article 50 is invoked, no talks, that's the positions of strength - they want UK out

You missed my point. It was Gideon who stated we were in a position of strength. He also seemed unsure as to whether or not we need an emergency budget.

You forget, tax rises and cuts were always coming. Current state is not going to clear the deficit. The only difference is that now, either he or the next person can blame Brexit. We're getting it regardless.